Allot Communications (ALLT) Earns Hold Rating from Oppenheimer

Oppenheimer restated their hold rating on shares of Allot Communications (NASDAQ:ALLT) in a research note issued to investors on Tuesday.

ALLT has been the topic of several other research reports. Needham & Company LLC raised shares of Allot Communications from a hold rating to a buy rating and set a $6.35 price target on the stock in a research report on Monday, August 6th. ValuEngine raised shares of Allot Communications from a hold rating to a buy rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Allot Communications from a hold rating to a buy rating and set a $7.00 price target on the stock in a research report on Thursday, August 16th. TheStreet raised shares of Allot Communications from a d+ rating to a c- rating in a research report on Thursday, August 23rd. Finally, Barclays raised shares of Allot Communications from an underweight rating to an equal weight rating and set a $6.00 price target on the stock in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $6.45.

ALLT traded up $0.19 on Tuesday, hitting $7.27. 116,911 shares of the company’s stock were exchanged, compared to its average volume of 203,907. Allot Communications has a fifty-two week low of $4.74 and a fifty-two week high of $7.27. The stock has a market cap of $239.04 million, a PE ratio of -20.77 and a beta of 0.35.

Allot Communications (NASDAQ:ALLT) last announced its earnings results on Tuesday, November 6th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $24.22 million for the quarter, compared to analysts’ expectations of $23.75 million. Allot Communications had a negative net margin of 14.04% and a negative return on equity of 6.50%. On average, sell-side analysts predict that Allot Communications will post -0.24 EPS for the current year.

Several hedge funds have recently made changes to their positions in ALLT. Acadian Asset Management LLC acquired a new position in shares of Allot Communications during the 2nd quarter valued at about $112,000. Jane Street Group LLC purchased a new stake in Allot Communications in the 2nd quarter valued at about $149,000. Russell Investments Group Ltd. purchased a new stake in Allot Communications in the 2nd quarter valued at about $1,130,000. Boston Partners purchased a new stake in Allot Communications in the 2nd quarter valued at about $1,523,000. Finally, Unterberg Capital LLC raised its holdings in Allot Communications by 25.0% in the 2nd quarter. Unterberg Capital LLC now owns 550,710 shares of the communications equipment provider’s stock valued at $2,952,000 after buying an additional 110,282 shares during the period. 55.84% of the stock is currently owned by hedge funds and other institutional investors.

About Allot Communications

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.

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